Western Exploration Inc

Western Exploration Inc

0.60
CAD
-0.02
(-3.23%)
-0.10EPS
36.82MMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
-0.24
-0.06
-0.18
-0.14
-0.14
-0.07
-0.07
Free Cash Flow per Basic Share
-0.22
-0.01
-0.17
-0.12
-0.13
-0.08
-0.08
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.26
0.38
0.28
0.23
0.19
0.16
0.2
Tangible Book Value per Share
0.26
0.38
0.28
0.23
0.19
0.16
0.2
Basic Weighted Avg Shares
30
30
31
33
42
50
57
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-7
-2
-5
-5
-6
-4
-4
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
4
1
- -
1
- -
4
LT Debt
- -
- -
- -
- -
- -
- -
- -
Total Equity
8
12
9
8
8
8
12
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-19.02
-52.41
-53.87
-69.42
-44.02
-34.79

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
53
62
62
Market Capitalization
26
29
26

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1
6
5
Cash, Cash Equivalents & STI
- -
6
5
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
3.33%
-3.44%
Free Cash Flow
- -
285.79%
-29.57%
Net Income, GAAP
- -
18.03%
-35.69%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.02
-0.02
-0.07
-0.03
-0.14
2025
-0.02
-0.02
-0.03
-0.01
-0.07
2026
-0.01
-0.02
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Darcy Edward Marud
Full Time Employees
3
Sector
Non-energy minerals
Industry
Precious metals
Address
Park Place Reno BC United States V6C 2X8
IPO Date
Jun 21, 2011
Business
Western Exploration Inc. is a precious metals exploration company focused on the acquisition, exploration, development, and mining of gold and silver deposits in North America. The company's principal asset is the Aura gold-silver project, located in Elko County, Nevada. Its core products and services include exploration and resource development of gold and silver mineral deposits, with comprehensive drilling programs and resource estimation compliant with NI 43-101 standards. Western Exploration conducts reverse circulation drilling and other geological activities aimed at expanding its mineral resource base within the Aura project area, which includes targets such as the Gravel Creek, Wood Gulch, Saddle, and Tomasina fault zones. Founded in 1996 and headquartered in Reno, Nevada, Western Exploration has recently intensified its exploration efforts at the Aura Project, unveiling a new precious metals-bearing epithermal system at the Tomasina Fault Zone with significant gold grades. The company has announced a fully funded 2025 drill program focusing on high-grade gold-silver resource expansion. Additionally, Western Exploration entered a strategic association with a Texas-based investor through a fully allocated non-brokered private placement to fuel its growth initiatives. In the last 1-2 years, Western Exploration has embarked on a major operational phase marked by enhanced drilling campaigns and updated mineral resource estimates that show substantial increases in both grades and ounces of gold equivalent. The company also pursues strategic alliances to augment its exploration capabilities and recently disclosed promising drilling results confirming new zones of mineralization. These developments align with its ongoing business expansion targeting high-grade precious metals resources in Nevada. Western Exploration operates primarily in the mining and exploration industry segments serving investors and stakeholders in the precious metals sector. It targets exploration-driven value creation through systematic resource development and innovative exploration techniques. The company maintains a strong North American operational focus and leverages advanced geological modeling to guide its exploration and resource delineation activities. Overall, Western Exploration Inc. stands as a Nevada-based precious metals development company with a dedicated focus on gold and silver exploration and resource expansion, supported by recent successful drilling programs, strategic funding, and ongoing project advancements at its flagship Aura Project.

Company News

  • Western Exploration Completes Transformative Cyanide Leach Test Work at Gravel Creek

  • CEO.CA's Inside the Boardroom: Western Exploration: Mine Plan of Operations Submitted for a $115M CapEx Nevada Gold Mine

  • Western Exploration Announces Grant of Stock Options

  • Western Exploration Submits Mine Plan of Operations for the Doby George Project

  • Western Exploration Provides Doby George Development Update

  • Western Exploration Confirms Geochemical Similarities of Gravel Creek to Other Northern Nevada High-Grade Miocene Epithermal Au-Ag Systems

  • Western Exploration Outlines 2026 Program to Advance Doby George Permitting and Expand Gravel Creek Resources

  • Western Exploration Provides Doby George Update

  • Western Exploration Confirms Expansion of Epithermal Mineralization West of Gravel Creek and Below the Saddle Zone

  • Western Exploration Drilling Confirms New Precious Metals Bearing Epithermal System at Aura Project with 3.0 Meters of 7.1 G/t Gold at Tomasina Fault Zone

  • Western Exploration Files Amended NI 43-101 Technical Report for the AURA Gold Silver Project

  • Western Exploration Commences 2025 Drill Program at the Aura Project, Nevada

  • Western Exploration Mobilizes for 2025 Drill Program at Wood Gulch

  • Western Exploration Files NI 43-101 Technical Report for the Aura Gold Silver Project

  • Western Exploration Announces a 54% Increase in Inferred Gravel Creek Gold Equivalent Mineral Resources

  • Western Exploration Announces Closing of Life Offering of Units for Gross Proceeds of C$5.0 Million

  • Western Exploration Announces Brokered Private Placement for Minimum Gross Proceeds of C$2.1 Million to a Maximum of C$4.4 Million

  • Western Exploration Announces Positive Preliminary Economic Assessment for the Doby George Resource at the Aura Project

  • Western Exploration Expands Exploration Footprint at Gravel Creek with 3.0 km Untested Structural Corridor at the Past Producing Wood Gulch Mine

  • Western Exploration Reports Extension of High-grade Mineralization at Gravel Creek